Bitcoin Gold Correction Cames on the Fib Level 0.618 Level then we will do Long Position as well as Given Below-
Buy- 0.004300
Sell- 0.004700 , 0.005500
Stop Loss- 0.003700
Let See , What Will be Next Move.
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Warning- I m Not a Financial Advisor this idea Only For...
Bitcoin Gold, has been on a retracement and has finished its ABCDE wave of correction, also it has formed a falling wedge pattern which indicates that the price should be going up to the price level we had at the top of the falling wedge, which is 0.0085 BTC but as the market looks bearish for now and just started to look for its way up, I would play safe with...
This seems to start a new wave.
On 1d, Stoch RSI looks to start an up movement.
Will buy down to 0.88 retracement from old elliot wave and will put a stop at the bottom of the old wave.
Sell zones are at key fib points that also had some sideways movement (served as support or resistance in the past).
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Bitcoin Gold has been following the market trend for the last days and is on retracement from its breakout. So it came to my notice that Bitcoin Gold might be forming a falling wedge reversal pattern which if it follows we should be seeing it bouncing back from the area of support 1 and breakout of the descending triangle after which we should see a breakout to...
Three rules of Elliot Wave:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
The five wave graph of Bitcoin Gold, obeys the rules of Elliot Wave theory by bouncing back form the upward trend line.
Therefore, our...
